v3.26.1
Derivative Financial Instruments
 9 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
We operate internationally and, in the normal course of business, are exposed to fluctuations in foreign currency exchange rates related to third-party vendor and intercompany payments for goods and services within our non-U.S. subsidiaries. We use foreign exchange forward contracts that are not designated as hedges to manage currency risk. The contracts can have maturities up to three years. As of June 30, 2026 and September 30, 2025, the total notional amount of forward contracts was $2.0 million and $16.7 million, respectively. As of June 30, 2026 and September 30, 2025, the weighted-average remaining maturity of these instruments was approximately 6.0 and 6.0 months, respectively.
The following table summarizes the fair value and presentation in the Condensed Consolidated Balance Sheet for derivative instruments as of June 30, 2026 and September 30, 2025 (dollars in thousands):
Fair Value
Derivatives not designated as hedgesClassificationJune 30, 2026September 30, 2025
Foreign currency forward contractsPrepaid expenses and other current assets$— $16 
Foreign currency forward contractsAccrued expenses and other current liabilities175 974 
Foreign currency forward contractsOther liabilities— 97 
The following tables display a summary of the loss related to foreign currency forward contracts for the three and nine months ended June 30, 2026 and 2025 (dollars in thousands):
Loss recognized in earnings
Three Months Ended June 30,Nine Months Ended June 30,
Derivatives not designated as hedgesClassification2026202520262025
Foreign currency forward contractsOther income, net$(116)$(431)$(607)$(1,424)